Boston Family Office LLC Sells 27,461 Shares of Intel Co. (NASDAQ:INTC)

Boston Family Office LLC reduced its position in shares of Intel Co. (NASDAQ:INTC) by 69.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,015 shares of the chip maker’s stock after selling 27,461 shares during the period. Boston Family Office LLC’s holdings in Intel were worth $282,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. America First Investment Advisors LLC bought a new position in Intel during the 2nd quarter valued at about $25,000. Cyrus J. Lawrence LLC bought a new position in Intel during the 2nd quarter valued at about $27,000. Quest Partners LLC lifted its holdings in Intel by 7,370.6% during the 3rd quarter. Quest Partners LLC now owns 1,270 shares of the chip maker’s stock valued at $30,000 after purchasing an additional 1,253 shares during the last quarter. Spartan Fund Management Inc. acquired a new stake in Intel in the 2nd quarter valued at about $31,000. Finally, Financial Connections Group Inc. acquired a new stake in Intel in the 2nd quarter valued at about $32,000. 64.53% of the stock is owned by institutional investors.

Insider Activity at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This represents a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.04% of the stock is currently owned by corporate insiders.

Intel Price Performance

NASDAQ:INTC opened at $24.87 on Tuesday. Intel Co. has a one year low of $18.51 and a one year high of $51.28. The company has a market cap of $107.26 billion, a P/E ratio of -6.69 and a beta of 1.03. The firm’s fifty day moving average price is $23.27 and its two-hundred day moving average price is $26.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97.

Intel (NASDAQ:INTC) last released its quarterly earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the company posted $0.28 earnings per share. The company’s revenue was down 6.3% on a year-over-year basis. Equities analysts expect that Intel Co. will post -0.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

INTC has been the subject of several research reports. Roth Mkm lowered their price objective on shares of Intel from $35.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Mizuho raised their price objective on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Stifel Nicolaus restated a “hold” rating and issued a $25.00 price objective (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Needham & Company LLC restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Raymond James cut shares of Intel from an “outperform” rating to a “market perform” rating in a research report on Friday, August 2nd. Six analysts have rated the stock with a sell rating, twenty-five have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Intel has an average rating of “Hold” and an average target price of $30.12.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.